Notification under subsection (1F) of section 197A of Income-tax Act, 1961
S.O. 3679(E).—In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961 (43 of 1961) , the Central Government hereby specifies that no deduction of tax shall be made under section 194-IA of the said Act on any payment made to the Air India Limited (PAN: AACCN6194P) for transfer of immovable property to Air India Assets Holding Limited (PAN: AAQCA4703M) under a plan approved by the Central Government.
- The notification shall be deemed to have come into force with effect from the 1st day of April, 2021.
Explanatory Memorandum : It is certified that no person is being adversely affected by giving retrospective effect to this notification.
Also Read:
- Notification under Explanation to subsection (1) of section 194Q
- Notification under explanation to subsection (1H) of section 206C
- An amendment under Rule 11UAC of Income-tax Rules 1962
- Notification under clause (viiaf) of section 47 of the Income tax Act, 1961
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